{"id":8684,"date":"2025-08-24T20:03:06","date_gmt":"2025-08-24T20:03:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ripple-expands-cybercrime-update-bo-hines-joins-tether-weekly-recap\/"},"modified":"2025-08-24T20:03:12","modified_gmt":"2025-08-24T20:03:12","slug":"ripple-expands-cybercrime-update-bo-hines-joins-tether-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ripple-expands-cybercrime-update-bo-hines-joins-tether-weekly-recap\/","title":{"rendered":"Ripple expands, cybercrime update, Bo Hines joins Tether | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">This week in crypto, the market saw a mix of high-profile partnerships, regulatory moves, and massive token acquisitions. <\/p>\n<p class=\"is-style-default\">From Ripple and SBI Holdings preparing to bring RLUSD to Japan, to SharpLink Gaming and Strategy making significant Ethereum and Bitcoin buys, digital assets continue to make waves. <\/p>\n<p class=\"is-style-default\">Meanwhile, global authorities cracked down on cybercrime, regulators pushed forward with \u201ccrypto sprint\u201d initiatives, and political and corporate actors deepened their stake in the space. <\/p>\n<p class=\"is-style-default\">Here\u2019s a roundup of the top stories shaping the crypto ecosystem this week.<\/p>\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\">\n<p>Table of Contents<\/p>\n<nav>\n<ul>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#japanese-market-welcomes-ripples-rlusd-stablecoin\">SBI Holdings welcomes Ripple stablecoin<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#interpol-coordinates-massive-cybercrime-crackdown\">Interpol coordinates cybercrime crackdown<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#van-eck-submits-jito-sol-etf-application\">VanEck submits JitoSOL ETF application<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#cftc-advances-crypto-sprint-initiative\">CFTC advances crypto sprint initiative<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#social-engineering-scam-costs-investor-91-million\">Social engineering scam costs investor $91 million<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#south-korean-officials-prepare-stablecoin-framework\">South Korean officials prepare stablecoin framework<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#dbs-bank-tokenizes-structured-notes-on-ethereum\">DBS Bank tokenizes structured notes on Ethereum<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#winklevoss-twins-increase-political-contributions\">Winklevoss twins increase political contributions<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#sharp-link-gaming-makes-largest-ethereum-purchase\">SharpLink Gaming makes largest Ethereum purchase<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#sky-bridge-capital-plans-fund-tokenization\">SkyBridge Capital to tokenize $300m in hedge funds<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#bo-hines-joins-tether-in-strategic-role\">Bo Hines joins Tether<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#thailand-delays-crypto-tourist-payment-features\">Thailand delays crypto tourist payment features<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#strategy-continues-bitcoin-accumulation\">Strategy accumulates more Bitcoin <\/a><\/li>\n<\/ul>\n<\/nav>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"japanese-market-welcomes-ripples-rlusd-stablecoin\">SBI Holdings welcomes Ripple stablecoin<\/h2>\n<ul class=\"wp-block-list\">\n<li>Tokyo-based financial services giant SBI Holdings agreed to collaborate with Ripple for introducing RLUSD stablecoin to Japan.<\/li>\n<li>The partnership targets the first quarter of 2026 for market launch.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"interpol-coordinates-massive-cybercrime-crackdown\">Interpol coordinates cybercrime crackdown<\/h2>\n<ul class=\"wp-block-list\">\n<li>Operation Serengeti 2.0 resulted in over 1,200 arrests across 18 African nations and the United Kingdom.<\/li>\n<li>The operation targeted criminals who victimized 88,000 individuals through various schemes including cryptocurrency fraud. Authorities confiscated more than $97.4 million.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"van-eck-submits-jito-sol-etf-application\">VanEck submits JitoSOL ETF application<\/h2>\n<ul class=\"wp-block-list\">\n<li>The global investment management company filed registration documents with the Securities and Exchange Commission for a proposed VanEck JitoSOL ETF tracking the liquid staking token.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"cftc-advances-crypto-sprint-initiative\">CFTC advances crypto sprint initiative<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Commodity Futures Trading Commission continues to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/9109-25\" target=\"_blank\" rel=\"nofollow\">implement<\/a> its third phase of accelerated rulemaking efforts based on recommendations from the President\u2019s Working Group on Digital Asset Markets.<\/li>\n<li>These \u201ccrypto sprint\u201d measures aim to establish clearer regulatory frameworks for digital asset derivatives and trading.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"social-engineering-scam-costs-investor-91-million\">Social engineering scam costs investor $91 million<\/h2>\n<ul class=\"wp-block-list\">\n<li>An unidentified cryptocurrency holder lost 783 Bitcoin after fraudsters impersonated customer support representatives from a hardware wallet manufacturer and exchange platform.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"south-korean-officials-prepare-stablecoin-framework\">South Korean officials prepare stablecoin framework<\/h2>\n<ul class=\"wp-block-list\">\n<li>Senior executives from major Korean financial institutions are scheduled to meet with leadership teams from Tether and Circle Internet Group this week.<\/li>\n<li>These discussions precede South Korea\u2019s anticipated October launch of legal frameworks governing stablecoin operations.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"dbs-bank-tokenizes-structured-notes-on-ethereum\">DBS Bank tokenizes structured notes on Ethereum<\/h2>\n<ul class=\"wp-block-list\">\n<li>Singapore\u2019s largest financial institution <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.dbs.com\/newsroom\/DBS_expands_blockchain_capabilities_by_tokenising_and_distributing_structured_notes\" target=\"_blank\" rel=\"nofollow\">announced<\/a> plans to offer tokenized structured notes through partnerships with ADDX, DigiFT, and HydraX platforms.<\/li>\n<li>Eligible traders will access these products via cryptocurrency investment platforms and exchanges.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"winklevoss-twins-increase-political-contributions\">Winklevoss twins increase political contributions<\/h2>\n<ul class=\"wp-block-list\">\n<li>Tyler and Cameron Winklevoss donated an additional $21 million worth of Bitcoin (BTC) to the Digital Freedom Fund PAC, contributing over 188 BTC to political advocacy efforts.<\/li>\n<li>The contribution aims to maintain President Donald Trump\u2019s support for the cryptocurrency industry.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"sharp-link-gaming-makes-largest-ethereum-purchase\">SharpLink Gaming makes largest Ethereum purchase<\/h2>\n<ul class=\"wp-block-list\">\n<li>The online gambling marketing company acquired 143,593 Ethereum (ETH) for $601.5 million between August 10-15.<\/li>\n<li>This purchase represents SharpLink\u2019s largest Ethereum acquisition over the past month as part of its treasury strategy transition.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"sky-bridge-capital-plans-fund-tokenization\">SkyBridge Capital to tokenize $300m in hedge funds<\/h2>\n<ul class=\"wp-block-list\">\n<li>Anthony Scaramucci\u2019s investment management firm will tokenize $300 million worth of hedge funds on the Avalanche network through partnerships with Tokeny and Apex Group.<\/li>\n<li>The Digital Macro Master Fund and Legion Strategies will move on-chain through this collaboration with the $3.5 trillion asset manager.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"bo-hines-joins-tether-in-strategic-role\">Bo Hines joins Tether<\/h2>\n<ul class=\"wp-block-list\">\n<li>The former presidential crypto advisor accepted appointment as strategic advisor for digital assets and U.S. strategy at the stablecoin issuer.<\/li>\n<li>Hines will focus on Tether\u2019s American market entry strategy.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"thailand-delays-crypto-tourist-payment-features\">Thailand delays crypto tourist payment features<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Bank of Thailand suspended cryptocurrency conversion capabilities in its new Tourist Wallet pending regulatory review through mid-August.<\/li>\n<li>The digital payment system currently supports QR-based foreign currency conversions with eight partner countries including Singapore and Malaysia.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"strategy-continues-bitcoin-accumulation\">Strategy accumulates more Bitcoin <\/h2>\n<ul class=\"wp-block-list\">\n<li>Strategy purchased 430 Bitcoin for $51.4 million during the week, paying an average price of $119,666 per coin.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week in crypto, the market saw a mix of high-profile partnerships, regulatory moves, and massive token acquisitions. From Ripple and SBI Holdings preparing to bring RLUSD to Japan, to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8684"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8684\/revisions"}],"predecessor-version":[{"id":8685,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8684\/revisions\/8685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2456"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}